Impact: Positive. While a reduced capital investment outlook will likely induce downward revisions to our production and cash flow estimates, the decreased spending will also offer an improved financial position, which when coupled with stronger implied capital reinvestment efficiencies, should prove to be net positive for the stock on a risk adjusted basis, given the current environment.
03 Feb 2016
RAGING RIVER EXPLORATION INC. (RRX) ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE
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RAGING RIVER EXPLORATION INC. (RRX) ANNOUNCES 2015 YEAR END RESERVES AND UPDATED 2016 GUIDANCE
Raging River Exploration (RRX:TSE) | 0 0 (-2.0%) | Mkt Cap: 1,478m
- Published:
03 Feb 2016 -
Author:
Robert Fitzmartyn -
Pages:
4
Impact: Positive. While a reduced capital investment outlook will likely induce downward revisions to our production and cash flow estimates, the decreased spending will also offer an improved financial position, which when coupled with stronger implied capital reinvestment efficiencies, should prove to be net positive for the stock on a risk adjusted basis, given the current environment.